The 19-year-old joins from San Lorenzo, as detailed on the club's official website:
Atletico de Madrid and San Lorenzo de Almagro, an Argentinian first division team, have reached an agreement for the transfer of Angel Correa (Rosario, March 9th.1995) to our Club, pending the young Argentinian talent gets past the corresponding medical check up. Afterwards, the forward will commit to our club for five seasons.
Correa is a versatile forward, someone who can lead the line on his own or sit behind the main striker. He is also well suited to playing from the left, where his speed and technical ability allow him to cut inside before searching for an incisive pass.
Sky Sports likens the player to Sergio Aguero in terms of stature, but insists his natural game is to drop into the hole behind the striker, similar to Carlos Tevez. Correa's main strengths are outlined as "vision and passing stemming from his natural footballing brain," with his most effective displays coming from the middle.
The improving forward has eight goals in 46 appearances across this year's Argentinian league and cup formats, as reported by Soccerway. Correa also has 16 yellow cards in this time, suggesting he will need to work on his discipline under Diego Simeone, who challenges his squad with working hard across the entire pitch.
Transfermarkt.co.uk notes Correa averages a goal every 441 minutes. He has provided 14 assists throughout the current season and may develop into an all-out playmaker under Simeone's tutelage. Rory Smith of The Times believes the starlet's signing is just the start of Atletico's South American business this summer:
Correa will be among the Atletico players to wear the club's new home kit, a design that commemorates the 1975 team's triumph of the Intercontinental Cup, per Atletico's website:
In a guard similar to that worn at the time by Luis Aragones, Adelardo, Irureta, Garate or Ayala among others, the shirt presents three wide stripes on the front and back, as well as a distinctive white box to display the players' numbers on the back.
A quartet of Atletico players can be seen modelling the new Nike design, via the club's Twitter feed:
While the kit remains classically Atletico, the throwback to the aforementioned era takes on more prominence this year, after the death of club legend Luis Aragones. Atletico won this season's La Liga championship in his honour, entered the Champions League final with his name emblazoned across their chest and continue to serve his memory proudly through gutsy, battling and entertaining performances.
Fans will be hoping the new kit inspires Atletico to further success. All eyes will be on the Vicente Calderon club heading into the 2014-15 season, which tasks the capital-based side with retaining their domestic crown against Real and Barcelona. A triumph that, if achieved, would go down in the history books as nothing short of extraordinary.
With a little bit of luck and effective judgement from Simeone, Correa will be able to make an impact along this quest.